(Click the icon to view the cost data.) Read the Requirement 1. Compute the overhead rate Sierra University Hospital charged on the cotton roll. Begin by determining the formula, then calculate the overhead rate. (Enter the percentage as a whole number.) Data table Requirements 1. Compute the overhead rate Sierra University Hospital charged on the cotton roll. 2. What criteria might Sierra use to justify allocation of the overhead items bi in the preceding list? Examine each item separately and match it to the appropriate criteria. 3. What should Missell do about the $11.33 charge for the cotton roll